Demand from Great Britain grows for inexpensive holiday homes in Bulgaria

SOFIA (SeeNews) – UK-based real estate company Interlink Sun Homes said yesterday it is planning to double sales of holiday homes in Bulgaria to UK citizens to meet growing demand for cheap residences at ski and coastal resorts in the East European state. «We plan a 100 percent increase in sales of holiday homes in Bulgaria in 2006, from some 50 in 2005,» George Sorial, co-owner of Interlink Sun Homes, told SeeNews by telephone from Sheffield, UK. Bulgaria is a popular, almost fashionable destination for UK citizens willing to buy cheap holiday homes at attractive locations, said Sorial. Holiday apartments in the ex-communist state of 7.8 million cost about 50,000 euros, nearly twice as low as apartments in Spain, he added. Sorial said that Bulgarian holiday homes accounted for up to 90 percent of all real estate sales by Interlink last year. The company helps UK clients buy properties in Cyprus, the US, Spain, Turkey and Bulgaria. «We have just opened an office in Bulgaria’s ski resort of Bansko and we are planning to open another one in 2006, most likely in a coastal resort,» said Sorial. Tourism contributes about 12 percent of Bulgaria’s gross domestic product. The country, which hopes to join the European Union, is famous for its ski resorts of Bansko, Borovets and Pamporovo and the Black Sea coast resorts of Albena, Zlatni Pyasatsi and Slanchev Bryag.

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